Can XRP Price Come Back Stronger After 20% Weekly Losses?

XRP has crashed by more than 20% on the weekly timeframe.

Santiment says that there are currently 221 addresses holding between 10 million and 1 billion XRP and that these addresses now hold a combined 16.13B tokens worth $8.71B.

XRP is currently under the $0.5 resistance and its 200-day EMA.

The 200-day EMA is one of the most powerful moving averages on any chart and can prove quite difficult to break.

Ripple is down by more than 50% from its $0.96 post-victory high.

According to the blockchain analytics platform, Santiment, XRP may be showing some pretty impressive recovery patterns